Global Dehumidifier Market, Competition, Forecast & Opportunities, 2024 -

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The global dehumidifier market is projected to reach $ 3.7 billion by 2024 from $ 2.5 billion in 2018, growing at a CAGR of 6.6%

Owing to rising health concerns, consumers across the globe are spending heavily on lifestyle products, including dehumidifiers. Rising concerns about the harmful effects of air pollution, especially for people prone to allergies from airborne particles and with respiratory diseases, is increasing the awareness about the benefits of dehumidifiers, thereby driving growth in the market.

Global Dehumidifier Market Segmentation

The global dehumidifier market has been categorized into type, end-user and regional distribution. On the basis of type, the market is segmented into desiccant, refrigerant, and thermoelectric dehumidifiers. Of these categories, dessicant dehumidifiers are ideal for industrial use. The technology is cost-effective and efficient as they can reduce the humidity level of its surroundings to levels below 35%.

Moreover, due to lack of compressor parts, they are lighter and quieter, unlike compressor dehumidifiers which tend to be heavier. On the other hand, refrigerant dehumidifiers, which account for the second largest share, are cheap to produce, easy to operate and effective in most domestic and commercial applications. The primary benefit of a refrigerant dehumidifier is that it performs exceptionally well when used in warm and humid climatic conditions.

Based on end-use industry, the market is categorized into industrial, residential and commercial. Industrial sector dominated the global dehumidifier market as dehumidifiers are used to keep industrial raw materials, such as iron bars, concrete slabs, etc., free from moisture content. Increasing demand for dehumidifiers from food packaging & service industry is anticipated to majorly contribute to the growth of this segment during forecast period.

Global Dehumidifier Market Regional Segmentation

Asia-Pacific dominates the global dehumidifiers market, owing to the fact that countries like Japan, Korea, China and India cumulatively account for a large number of industrial as well as manufacturing industries. As a result, the demand for dehumidifiers for industrial and commercial purposes in these countries is rising at a fast pace.

In addition to this, surging number of air borne diseases and allergies in Asia-Pacific due to high humidity in countries like Indonesia, Hong Kong, etc., and rise in pollutants like pollen, dust and microbes are some of the other factors which are driving the market of dehumidifiers in Asia-Pacific region.

Competitive Landscape

Some of the leading companies in the global dehumidifiers market are Honeywell International, Munters AB, LG Electronics Inc, Gree Electrical, GE, Seibu-Giken, Amfah India, Frigidaire, Origin Dehumidifiers, etc.

Key Topics Covered:

1. Product Overview

2. Research Methodology

3. Analyst View

4. Global Dehumidifier Market Outlook

4.1. Market Size & Forecast

4.1.1. By Value & Volume

4.2. Market Share & Forecast

4.2.1. By Type (Desiccant, Refrigerant, Thermoelectric & Others)

4.2.2. By Region

4.2.3. By Company

4.2.4. By End User (Commercial, Industrial & Residential)

4.3. Market Attractiveness Index

5. Global Desiccant Dehumidifier Market Outlook

5.1. Market Size & Forecast

5.1.1. By Value & Volume

5.2. Market Share & Forecast

5.2.1. By End User (Commercial, Industrial & Residential)

6. Global Refrigerant Dehumidifier Market Outlook

6.1. Market Size & Forecast

6.1.1. By Value & Volume

6.2. Market Share & Forecast

6.2.1. By End User (Commercial, Industrial & Residential)

7. Global Thermoelectric Dehumidifier Market Outlook

7.1. Market Size & Forecast

7.1.1. By Value & Volume

7.2. Market Share & Forecast

7.2.1. By End User (Commercial, Industrial & Residential)

8. Global Other Dehumidifier Market Outlook

8.1. Market Size & Forecast

8.1.1. By Value & Volume

9. Asia-Pacific Dehumidifier Market Outlook

9.1. Market Size & Forecast

9.1.1. By Value & Volume

9.2. Market Share & Forecast

9.2.1. By Type (Desiccant, Refrigerant, Thermoelectric & Others)

9.2.2. By End User (Commercial, Industrial & Residential)

9.2.3. By Country China Dehumidifier Market Outlook Japan Dehumidifier Market Outlook South Korea Dehumidifier Market Outlook India Dehumidifier Market Outlook Indonesia Dehumidifier Market Outlook

10. North America Dehumidifier Market Outlook

10.1. Market Size & Forecast

10.1.1. By Value & Volume

10.2. Market Share & Forecast

10.2.1. By Type (Desiccant, Refrigerant, Thermoelectric & Others)

10.2.2. By End-User

10.2.3. By Country USA Dehumidifier Market Outlook Canada Dehumidifier Market Outlook Mexico Dehumidifier Market Outlook

11. Middle East & Africa Dehumidifier Market Outlook

11.1. Market Size & Forecast

11.1.1. By Value & Volume

11.2. Market Share & Forecast

11.2.1. By Type (Desiccant, Refrigerant, Thermoelectric & Others)

11.2.2. By End- User

11.2.3. By Country Saudi Arabia Dehumidifier Market Outlook UAE Dehumidifier Market Outlook South Africa Dehumidifier Market Outlook Qatar Dehumidifier Market Outlook

12. South America Dehumidifier Market Outlook

12.1. Market Size & Forecast

12.1.1. By Value & Volume

12.2. Market Share & Forecast

12.2.1. By Type (Desiccant, Refrigerant, Thermoelectric & Others)

12.2.2. By End-User

12.2.3. By Country Brazil Dehumidifier Market Outlook Argentina Dehumidifier Market Outlook Colombia Dehumidifier Market Outlook

13. Europe Dehumidifier Market Outlook

13.1. Market Size & Forecast

13.1.1. By Value & Volume

13.2. Market Share & Forecast

13.2.1. By Type (Desiccant, Refrigerant, Thermoelectric & Others)

13.2.2. By End-User

13.2.3. By Country Germany Dehumidifier Market Outlook UK Dehumidifier Market Outlook France Dehumidifier Market Outlook Italy Dehumidifier Market Outlook Spain Dehumidifier Market Outlook

14. Market Dynamics

14.1. Drivers

14.2. Challenges

15. Market Trends & Developments

15.1. Increasing Respiratory Diseases

15.2. Product Innovation

15.3. Rising Consumer Spending on Lifestyle Products

15.4. Growing Demand from Commercial and Industrial Sectors

15.5. Surging use of Desiccant Dehumidifiers

15.6. Increasing Demand due to Loss from Spoilage and Corrosion

15.7. Rules & Regulations imposed by Governing Authorities

15.8. Growing Air Pollution Concerns

16. Competitive Landscape

16.1. Competitive Benchmarking

16.2. Company Profiles

16.2.1. Gree Electrical Appliances

16.2.2. LG Electronics Inc.

16.2.3. Honeywell International, Inc.

16.2.4. Munters AB

16.2.5. Seibu Giken Co. Ltd.

16.2.6. Bry-Air Inc.

16.2.7. Whirlpool Corporation

16.2.8. Frigidaire

16.2.9. De' Longhi Appliances Srl

16.2.10. Carrier Corporation

17. Strategic Recommendations

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Business Wire: 11:32 GMT Wednesday 11th September 2019

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